Sunlands Technology Group (NYSE:STG) Stock Price Up 1.2%

Sunlands Technology Group (NYSE:STG) shares were up 1.2% on Friday . The company traded as high as $10.02 and last traded at $9.83. Approximately 26,048 shares were traded during trading, an increase of 60% from the average daily volume of 16,235 shares. The stock had previously closed at $9.71.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Sunlands Technology Group from a “d+” rating to a “c-” rating in a report on Thursday, August 17th.

Sunlands Technology Group Price Performance

The stock has a 50 day simple moving average of $5.53 and a two-hundred day simple moving average of $6.63. The company has a market cap of $136.15 million, a price-to-earnings ratio of 1.36 and a beta of 1.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sunlands Technology Group stock. Renaissance Technologies LLC bought a new position in shares of Sunlands Technology Group (NYSE:STG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,425 shares of the company’s stock, valued at approximately $134,000. Renaissance Technologies LLC owned 0.14% of Sunlands Technology Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.24% of the company’s stock.

About Sunlands Technology Group

Sunlands Technology Group, through its subsidiaries, provides online education services through online and mobile platforms in the People's Republic of China. It offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of Master of Business Administration programs.